Tag: adeosun

  • NYSC cert. forgery: Political party, lawyer approach court, seek prosecution, sack of Adeosun

    NYSC cert. forgery: Political party, lawyer approach court, seek prosecution, sack of Adeosun

    The Action Peoples Party (APP) has filed a suit asking the Federal High Court, Abuja, to order the sacking of Nigeria’s Minister of Finance, Kemi Adeosun.

    The political party wants Adeosun fired because of her alleged failure to present an authentic discharge certificate issued by the National Youth Service Corps (NYSC).

    Listed as defendants in its suit marked, FHC/ABJ/CS/714/2018, are Adeosun, President Muhammadu Buhari, the Attorney General of the Federation and Minister of Justice, Abubakar Malami, and the Independent Corrupt Practices and other related offences Commission (ICPC).

    Through its lawyer, Kingdom Okere, the party asked the court to declare that Adeosun “is not qualified to be appointed a minister of the Federal Republic of Nigeria or into any other public office, having not participated in the compulsory one-year National Youth Service scheme, in view of the combined provisions of sections 11,12, 13 and 17 of the National Youth Service Act.”

    In a similar vein, a lawyer Francis Obalim on Monday filed a suit requesting Adeosun’s dismissal over the certificate scandal.

    In the suit marked marked FHC/ABJ/CS/712/2018, Obalim applied for an order quashing and setting aside Adeosun’s appointment.

    According to him, her appointment should be quashed due to the revelation by an online news newspaper, Premium Times.

    Premium Times had reported that Adeosun forged NYSC exemption certificate.

    And the lawyer argued that the minister circumvented the mandatory conditions in sections 12, 13 and 14 of the NYSC Act.

    Through his counsel, Johnmary Jideobi, the plaintiff sought an order of perpetual injunction restraining federal government from further according a ministerial status to Adeosun until she presented a valid certificate of discharge regularly issued by the NYSC.

    Those listed as respondents are the Attorney General of the Federation and Minister of Justice, Abubakar Malami; the Senate President, Bukola Saraki; and the Clerk of the Senate.

  • Presidency, NYSC, Nigeria Police speak on forgery allegations against Adeosun

    Presidency, NYSC, Nigeria Police speak on forgery allegations against Adeosun

    The presidency said it was yet to be briefed about alleged forgery of National Youth Service Corp (NYSC) discharge certificate by the Minister of Finance, Mrs. Kemi Adeosun.

    An online news portal, Premium Times, had in a report at the weekend, alleged that the minister failed to undertake the mandatory one year national service, having graduated at 22, and fraudulently obtained an exemption certificate at 42, in violation of the NYSC establishment act, Decree No 24 of 1973 as amended.

    Senior Special Assistant to the President on Media and Publicity, Malam Garba Shehu, yesterday said that he was yet to be briefed on the forgery allegation.

    “Well, I have not been briefed on this. I haven’t heard of it being spoken. I am completely unaware of anything,” he said in response to query on what President Muhammadu Buhari was doing about the allegation that one of his ministers committed the crime of forgery.

    Also speaking on the topic which has since gone viral, Jimoh Moshood, public relations officer of the Nigeria Police Force who made the disclosure on Channels TV’s SunRise Daily on Monday, denied having any knowledge about Adeosun’s certificate scandal.

    When asked if the police will be taking up the allegation levelled against Adeosun, Moshood replied”Thanks you so much, I am just hearing it for the first time from you, nobody has laid any complain about such in any police command or at Police headquarters. So, I can’t talk about it.”

    NYSC spokesperson, Mrs. Adenike Adeyemi, also confirmed that the corps would issue an official statement but declined to give the exact date the statement would be made.

    The NYSC is a compulsory for all Nigerians who graduate from universities or equivalent institutions at less than 30 years of age.

    In addition to being a requirement for government and private sector jobs in Nigeria, the enabling law prescribes punishment for anyone who absconds from the scheme or forges its certificates.

    Eligible Nigerians who skipped the service are liable to be sentenced to 12 months imprisonment and/or N2,000 fine, according to Section 13 of the NYSC law.

    Section 13 (3) of the law also prescribes three-year jail term or option of N5,000 fine for anyone who contravenes provision of the law as Adeosun has done.

    Subsection 4 of the same section also criminalises giving false information or illegally obtaining the agency’s certificate. It provides for up to three-year jail term for such offenders.

  • Buhari’s Finance Minister, Kemi Adeosun allegedly skips NYSC, forges certificate to secure jobs

    This might not be the best of times for the Minister of Finance, Mrs. Kemi Adeosun as reports have it that she allegedly skipped the compulsory one year National Youths Service Corps (NYSC) programme and have been securing high-profile jobs with a forged exemption certificate obtained from the scheme.

    According to a report by Premium Times, the former Commissioner for Finance in Ogun State did not participate in the mandatory one-year scheme even after graduating before the age of 30.

    Adeosun graduated from the Polytechnic of East London in 1989, at the age of 22 as Folakemi Oguntomoju and in 1992, the institution changed its name to University of East London with her certificate issued in the new name.

    According to her curriculum vitae, Adeosun was born in March 1967 and having graduated at 22, it was obligatory for Adeosun to participate in the one-year national service for her to qualify for any job in Nigeria.

    Going by the NYSC law, section 13, eligible Nigerians who skipped the service are liable to be sentenced to 12 months imprisonment and/or N2,000 fine.

    Section 13 (3) of the law also prescribes three-year jail term or option of N5,000 fine for anyone who contravenes provision of the law.

    The report by Premium Times said the Finance Minister parades a purported NYSC exemption certificate, which was issued in September 2009, granting her exemption from the mandatory service on account of age.

    According to the report, Adeosun’s ‘certificate’ is dated September 9, 2009, and was purportedly signed by the former director-general of NYSC, Mr Yusuf Bomoi.

    But officials of the NYSC who spoke to Premium Times on condition of anonymity said Mr Bomoi stepped down from the corps in January 2009, and could not have signed any certificate for the agency eight months after. The retired brigadier general passed on in September 2017.

    It is important to note that the NYSC certificate is a requirement for government and private sector jobs in Nigeria and the enabling law prescribes punishment for anyone who absconds from the scheme or forges its certificates.

    Subsection 4 of Section 13 of the law criminalises giving false information or illegally obtaining the agency’s certificate. It provides for up to three-year jail term for such offenders.

    According to Premium Times, upon graduation in 1989, Adeosun, who studied Applied Economics in the United Kingdom, did not return to Nigeria to serve her fatherland, but pursued fast-paced career in the British public and private sectors.

    She first landed a job at British Telecoms, but left after a year to join Goodman Jones, an accounting and investment firm, as audit officer. She served there till 1993.

    In 1994, Adeosun joined London Underground Company as Internal Audit Manager, before switching to Prism Consulting, a finance firm, where she worked between 1996 until 2000.

    In 2000, Adeosun was hired by PricewaterhouseCoopers, where she worked for two years.

    When she eventually returned to Nigeria in 2002, Mrs Adeosun still did not deem it necessary to participate in the NYSC scheme. She simply accepted a job offer at a private firm, Chapel Hill Denham.

    However, ostensibly concerned that she might run into trouble for skipping the mandatory scheme, Mrs Adeosun, sometime in 2009, procured a fake exemption certificate.

    The NYSC does not issue exemption certificate to anyone who, like the minister, graduates before turning 30, top officials of the scheme familiar with the matter said.

    Using that fake certificate, Adeosun went on to clinch high-profile jobs at Quo Vadis Partnerships (managing director), Ogun State Government (commissioner for finance), and Federal Government of Nigeria (minister of finance).

    By the provision of Section 12 of the NYSC Act, employers must demand NYSC certificates from prospective employees. The law also mandates employees to present only genuine certificates for that purpose.

    Section 12 of the Act reads: “For the purposes of employment anywhere in the Federation and before employment, it shall be the duty of every prospective employer to demand and obtained from any person who claims to have obtained his first degree at the end of the academic year 1973-74 or, as the case may be, at the end of any subsequent academic year the following:-

    a. a copy of the Certificate of National Service of such person issued pursuant to section 11 of this Decree

    b. a copy of any exemption certificate issued to such person pursuant to section 17 of this Decree

    c. such other particulars relevant there to as may be prescribed by or under this Decree.”

    However, without demanding or verifying the veracity of the certificate presented by Adeosun, two Nigerian companies, the Ogun State Government and the Federal Government of Nigeria employed her at various times.

    On becoming Governor of Ogun State in 2011, Ibikunle Amosun nominated her into his cabinet. She proceeded to serve as commissioner of finance for four years.

    In November 2015, Adeosun was sworn in as minister by President Muhammadu Buhari, and assigned the all-important finance ministry, after a supposed security and Senate screening.

    The State Security Service, charged with vetting appointees to top government positions, failed to detect that her NYSC certificate was fake.

    However, Premium Times reported that the Senate, which received the fake certificate as part of the documents Adeosun submitted for her confirmation hearing, detected the discrepancy.

    But it nonetheless proceeded to clear her for the top office. Those familiar with the matter said the leadership of the National Assembly used that information to blackmail and extort Adeosun for years.

    The medium confirmed investigating Adeosun’s so-called NYSC certificate for months, determining eventually that it is fake.

    This one is an Oluwole certificate,” a top official of the corps said after we showed him a copy of the document. “We did not issue it and we could not have issued it.” Oluwole is a location in Nigeria’s commercial capital, Lagos, where fraudsters possess an amazing dexterity in the act of forging all kinds of documents.

    Several current and former officials of the scheme said the NYSC would never issue an exemption certificate to anyone who graduated before age 30 and did not fall into the categories of persons exempted by the corps’ enabling Act.

    By that law, there are four categories of Nigerians eligible for exemption certificates. The first are those who graduated after turning 30. The second are holders of national honours. The third are persons who served in the armed forces or the police for up to nine months. The last category are staff of intelligence agencies, or the armed forces.

    Therefore, having graduated at 22, and with no record of national honours or service in the intelligence or armed forces, Adeosun is not qualified for exemption, officials said.

    Yet, the so-called exemption certificate she holds gave age as the reason for her exemption.

    This is not the size of our exemption certificate,” another top official of the corps remarked when shown a copy of the minister’s ‘certificate’. “The calligraphy is also different”.

    On another day, another staff questioned the genuineness of the ‘certificate’ based on the font of the serial number.

    Look at this, look at this other one, the numbering is different,” the staff said while comparing Adeosun’s certificate with a genuine one on file.

    Adeosun’s name also failed to pop up during multiple checks of the exemption certificates registers kept by the corps, officials said.

    One official, who perused the register recently, noted that the sequence of serial numbers for certificates issued in 2009 did not correspond to that in Adeosun’s purported certificate.

    The signature on the ‘certificate’ is also suspect. As indicated earlier in this report, it was purportedly signed by an official who left the corps eight months before the document was made. One official described that claim as “barefaced lie and total impossibility”.

    TheNewsGuru.com reports that neither the minister nor officials of the NYSC have issued any official statement as regards the allegation.

  • Buhari yet to approve payment of terminal benefits to ex-Nigeria Airways workers – Adeosun

    The Minister of Finance, Mrs. Kemi Adeosun on Tuesday said President Muhammadu Buhari is yet to approve the payment of terminal benefits to ex-staff of Nigeria Airways.

    Adeosun, stated this while appearing before a Senate committee on Tuesday, according to a statement by her spokesperson.

    There has been a misconception in the media that the president had approved the payment of N45 billion terminal benefits to the workers.

    There is no presidential approval and no appropriation yet for the payment of N45 billion to the ex-workers,” she was quoted in the statement by her spokesperson, Oluyinka Akintunde.

    Read Mr Akintunde’s full statement below:

    The Honourable Minister of Finance, Kemi Adeosun, said on Tuesday that the federal government would settle the inherited debts and contractual obligations to local contractors between 2006 and 2015.

    The minister made this known while appearing before the ad-hoc committee of the Senate on “Promissory Note Programme and Bond Issuance.”

    The committee is chaired by the Deputy Chief Whip, Francis Alimikhena.

    She explained that the debts owed to various classes of contractors, including the terminal benefits of ex-Nigerian Airways workers, would be repaid through promissory notes and bonds issuance.

    The minister stated that the unpaid federal government obligations constituted a drag on economic activity across many sectors, adding that the present administration was determined to address the problem.

    She listed the unpaid obligations to include obligations to pensioners and salary & promotion arrears to civil servants; obligations to contractors and suppliers who in turn owe banks increasing the quantum of non-performing loans, and unpaid electricity bills by the Ministries, Departments and Agencies (MDAs).

    Others are exporters owed funds under the Export Expansion Grant Scheme and unpaid refunds due to state governments in respect of projects undertaken on behalf of the federal government.

    The federal government is working towards settling these inherited debts. The Small and Medium scaled Enterprises are the lifeline of our nation. The federal government will be stimulating the economy by paying these legacy debts,” Mrs Adeosun told members of the Ad-Hoc Committee.

    The federal government, according to her, has approved the issuance of promissory notes and bonds to settle its contractual obligations subject to the approval of the National Assembly.

    On the ex-Nigerian Airways workers, the minister explained that their terminal benefits were reconciled and agreed at N45 billion following verification.

    She debunked claims by the ex-workers that there was a presidential approval for the payment of terminal benefits of N45 billion to the workers.

    There has been a misconception in the media that the president had approved the payment of N45 billion terminal benefits to the workers. There is no presidential approval and no appropriation yet for the payment of N45 billion to the ex-workers,” she said.

    Earlier, the representative of the Accountant General of the Federation, Mohammed Usman, had told members of the Senate’s Ad-Hoc Committee that the government paid N34.2 billion to clear the promotion arrears to workers in the MDAs.

    Mr Usman, who is the Director of Funds in the Office of the Accountant General of the Federation, added that the payment process was still ongoing.

    These payments were made to the accounts of the beneficiaries in the MDAs after detailed verification of all documents attached as proof of promotion,” he said.

  • FG spent N1.5tn on capital projects in 2017 – Adeosun

    FG spent N1.5tn on capital projects in 2017 – Adeosun

    The Minister of Finance, Mrs. Kemi Adeosun, has said more than N1.5tn was spent on capital infrastructure in 2017.

    Adeosun, who stated this on Sunday on her Twitter handle, said the Federal Government’s debt management strategy was yielding the desired result.

    “I’m pleased to note that we’re going to close the 2017 budget with capital spending in excess of N1.5tn, which is higher than what we achieved in the 2016 budget. We’re also looking forward to the passage of the 2018 budget by the National Assembly,” she wrote.

    The minister noted that more than five million new taxpayers were added to the nation’s tax base in the last two years.

    Adeosun tweeted, “The Federal Inland Revenue Service and other tax authorities (at the state level) are doing a great deal of work on expanding the tax base and enforcement of tax payment. We must diversify our revenue base!

    “Our debt management strategy, focusing on bringing down borrowing costs, is working. This time last year, the Federal Government was borrowing at an average cost of about 18 per cent; today, it is 13 per cent. We will continue to work very hard on debt service cost.”

  • ‘No money for terror’: FG restates commitment to global fight against terrorism

    The Federal Government has affirmed its commitment to the global fight against the financing of terrorism.

    The Minister of Finance, Mrs. Kemi Adeosun, gave this pledge at an International Conference against the financing of terrorism in Paris, France.

    The Conference, which had as theme “No money for terror”, was hosted by the French President, Emmanuel Macron and was attended by the Managing Director of the International Monetary Fund, Christine Lagarde; President of the World Bank Group, Jim Kim; US Treasury Secretary, Steven Mnuchin as well as UK Chancellor, Phillip Hammond.

    Adeosun, who represented President Muhammadu Buhari at the Conference, said the country was reinvigorating efforts to tackle the financing of terrorism.

    In her address to the conference, the Minister said, “The Nigerian Government is very committed to the fight against terrorism and cutting off funding for terrorists’ activities.

    “The Government, in addition to monitoring of the formal channels of finance via the Nigeria Financial Intelligence Unit (NFIU) and other bodies, is also monitoring ‘non-formal cash-based structures’, which can often be used for illicit purposes.”

    Adeosun emphasised the need to address the root cause of terrorism and not the symptoms.

    She disclosed that the men and officers of the Nigeria Customs Service were working to effectively track physical cash movements and transactions at the various borders, including Niger, Benin Republic and Cameroon.

  • Nigeria will Sustain Positive Growth Outlook – Adeosun, Emefiele

    …External Reserves Hit $47.93bn

    …$322m Abacha funds earmark for Social Safety Nets

    Nigeria’s Minister of Finance, Mrs. Kemi Adeosun and the Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, affirmed on Sunday that the country’s positive growth outlook would be sustained.

    The Minister and the CBN Governor gave this assurance at a joint press briefing at the end of the 2018 International Monetary Fund and World Bank Spring Meeting in Washington DC, United States.

    Minister for Fiance, Mrs. Kemi Adeosun (r) and the CBN Governor, Mr. Godwin Emefiele addressing the media on Nigeria’s participation in the 2018 tatutory Spring Meetings of the IMF/World Bank at the Wprld Bank Office, Washington DC, USA. Photo by Abayomi Adeshida 22/04/2018

     

    Adeosun, who noted that the present growth outlook contrasted with the outlook in 2015, stated that inflation rate was slowing down while the foreign reserves were rising.

    Expressing optimistic on the Federal Government’s sustenance of the growth trajectory, the Minister, however, called for vigilance and focus for the country not to fall back into recession.

    She said, “We are confident that if we diligently implement our economic plan, we will grow the economy. We have room to grow but other countries do not have rooms to grow.

    “By 2019, the growth will be far more robust than the present level in 2018. We are therefore very optimistic in sustaining Nigeria’s economic growth. We are going to use this opportunity to grow our fiscal buffers, particularly aggressively growing our revenue base.

     

    Minister for Fiance, Mrs. Kemi Adeosun (r) and the CBN Governor, Mr. Godwin Emefiele addressing the media on Nigeria’s participation in the 2018 tatutory Spring Meetings of the IMF/World Bank at the World Bank Office, Washington DC, USA. Photo by Abayomi Adeshida 22/04/2018

     

    “The Administration has succeeded in building macroeconomic resilience for Nigeria, particularly revising the funding mix, rebuilding fiscal buffers, enhancing foreign exchange reserves and focusing on import substitution strategies.”

    On the State-Owned-Enterprises such as the Nigerian National Petroleum Corporation, she disclosed that the Government would continue to efficiently and effectively manage their costs and plug leakages.

    “We must make sure that every money that is earned comes in. We will drive the process of improving governance,” she added.

    On the nation’s domestic debt, the Minister stated that the Government would not aggressively grow the debt.

    “We are refinancing our inherited debt portfolio from short-term Treasury Bills to longer-tenured debt which has resulted in huge savings and reduction in costs of funds for the Government,” she said.

    Minister for Fiance, Mrs. Kemi Adeosun (r) and the CBN Governor, Mr. Godwin Emefiele addressing the media on Nigeria’s participation in the 2018 tatutory Spring Meetings of the IMF/World Bank at the Wprld Bank Office, Washington DC, USA. Photo by Abayomi Adeshida 22/04/2018

     

    She disclosed that the Voluntary Assets and Income Declaration Scheme (VAIDS) deadline was extended by three months till June 30, 2018 due to the appeals from taxpayers for more time to regularise their tax status.

    She revealed that the present Administration has raised the taxpayers’ base from 13 million in 2015 to 17 million as at 2018.

    The Minister confirmed the recovery of the sum of US$322,515,931.83 Abacha funds from the Swiss Government into a special account in the CBN.

    The funds, according to her, have been earmarked for the National Social Safety Nets programme of the Government.

    “The objective of the National Social Safety Nets Project for Nigeria is to provide access to targeted transfers to poor and vulnerable households under an expanded national social safety nets system,” Adeosun stated.

    The CBN Governor also reiterated Nigeria’s positive growth outlook, noting that a growth of 2.5 per cent had been projected by the IMF and World Bank for Nigeria.

    He disclosed that the country’s foreign reserves had risen to US$47.93 billion.

    “There is need to save for the raining day and also continue to grow the foreign reserves. If we had enough reserves, we wouldn’t have suffered the recession shocks,” he explained.

    He assured that concerted efforts were ongoing to realise the 80 per cent target for financial inclusion by 2020.

     

  • We’ll sustain Nigeria’s economic growth – Emefiele, Adeosun

    The Minister of Finance, Mrs. Kemi Adeosun, and the Governor, Central Bank of Nigeria, Mr. Godwin Emefiele, on Sunday stated that the country’s positive growth outlook would be sustained.

    Adeosun and Emefiele gave the assurance at a joint press briefing at the end of the 2018 International Monetary Fund and World Bank’s Spring Meetings in Washington DC, United States.

    The minister, who noted that the present growth outlook contrasted with that of 2015, stated that inflation rate was slowing down, while the foreign reserves were rising.

    Expressing optimism on the Federal Government’s sustenance of the growth trajectory, she, however, called for vigilance and focus for the country not to fall back into recession.

    Adeosun was quoted as saying in a statement by her Media Adviser, Oluyinka Akintunde, “We are confident that if we diligently implement our economic plan, we will grow the economy. We have room to grow, but other countries do not have rooms to grow.

    “By 2019, the growth will be far more robust than the present level in 2018. We are, therefore, very optimistic of sustaining Nigeria’s economic growth. We are going to use this opportunity to grow our fiscal buffers by aggressively growing our revenue base.

    “The administration has succeeded in building macroeconomic resilience for Nigeria, particularly revising the funding mix, rebuilding fiscal buffers, enhancing foreign exchange reserves and focusing on import substitution strategies.”

    Emefiele, on his part, also reiterated Nigeria’s positive growth outlook, noting that a growth of 2.5 per cent had been projected by the IMF and the World Bank for the country.

    He disclosed that the country’s foreign reserves had risen to $47.93bn.

    “There is a need to save for the rainy day and also continue to grow the foreign reserves. If we had enough reserves, we wouldn’t have suffered the recession shocks,” he explained.

    The governor gave an assurance that concerted efforts were being made to realise the 80 per cent target for financial inclusion by 2020.

    On state-owned enterprises such as the Nigerian National Petroleum Corporation, Adeosun stated that the government would continue to efficiently and effectively manage their costs and plug leakages.

    “We must make sure that every money that is earned comes in. We will drive the process of improving governance,” the minister added.

    On the nation’s domestic debt, she noted that the Federal Government would not aggressively grow borrowing.

    “We are refinancing our inherited debt portfolio from short-term Treasury Bills to longer-tenured debt, which has resulted in huge savings and reduction in the cost of funds for the government,” Adeosun added.

    She explained that the Voluntary Assets and Income Declaration Scheme deadline was extended by three months till June 30, 2018 due to appeals from taxpayers for more time to regularise their tax status.

    The minister stated that the President Muhammadu Buhari administration had raised the taxpayers’ base from 13 million in 2015 to 17 million presently.

    The minister confirmed the recovery of the sum of $322,515,931.83 Abacha funds from the Swiss Government, which had been deposited in a special account in the CBN.

    The fund, according to her, has been earmarked for the National Social Safety Nets programme of the Federal Government.

    “The objective of the National Social Safety Nets project for Nigeria is to provide access to targeted transfers to poor and vulnerable households under an expanded national social safety nets system,” Adeosun stated.

     

  • Why I approved extra N10b to National Assembly — Kemi Adeosun

    The Minister of Finance, Kemi Adeosun, has reacted to media reports detailing how her ministry approved N10 billion for the National Assembly.

    The report, published on Friday by Premium Times, indicated that Mrs Adeosun released the billions to the lawmakers despite the N125billion appropriated for the federal legislature in the 2017 fiscal year for recurrent and capital expenditures.

    According to Premium Times, the fund was arbitrarily approved for the lawmakers by the minister in collusion with the Accountant General of the Federation, Ahmed Idris.

    However, in a statement by her media aide, Oluyinka Akintunde, Friday evening, the minister confirmed releasing the fund, but said her action remained legal.

    Describing the report as ‘defective,’ Mrs Adeosun claimed that warrants were issued before the billions were moved to the lawmakers.

    The attention of the Honourable Minister of Finance, Mrs. Kemi Adeosun, has been drawn to a smear campaign by an online medium, Premium Times, of “illegally sharing of N10 billion from the national treasury”.

    The Honourable Minister wishes to debunk the entire mischievous and made-up report of the online medium which negates the ethics and professionalism of journalism. The article displays a worrying lack of understanding of Appropriation, Payments and Control, and therefore be disregarded by the public.

    The Minister further wishes to state that warrants are issued in accordance with Appropriation and after due approval by the Cash Plan Committee chaired by the Minister,” the statement explained.

  • Just in: Senate summons Adeosun, Emefiele, over $462m unapproved defence spending

    The Senate has resolved to summon the Governor of the Central Bank of Nigeria, Godwin Emefiele, the Ministers of Finance and Defence, Kemi Adeosun and Mansur Dan-Ali respectively, over the withdrawal of $462 million from federation account without the approval of the Senate.

    The withdrawal was said to have been made in March 2018 to pay for helicopters to an American firm called Helicopter Tecno Fights Helicopters.

    The matter was drawn to the red chamber in a point of order raised by Sen. Sam Anyanwu (PDP, Imo) on Tuesday.

    According to him, the act negates the provisions of Section 80 (2,3), 1999 the 1999 constitution.

    The provision states: “No money shall be withdrawn from the consolidated revenue fund of the federation except to meet expenditure that is charged upon the fund by the constitution or when the issue of those monies has been authorized by an appropriation act, supplementary appropriation act or an act passed in the pursuance of section 81 of this constitution.

    “No money shall be withdrawn from any public fund of the federation other that the consolidated revenue fund of the federation unless the issues of those monies have been authorized by the act of the National Assembly. No monies shall be withdrawn from the consolidated revenue fund or any other public fund of the federation except in the manner prescribed by the National Assembly.”

    Speaking further, Anyanwu said: “As a senator, I want to find out how this thing was done and I suggest that we invite the CBN governor, the Ministers of Finance and Defence to tell us how this money was withdrawn and paid to an American company without the approval of the Senate.”

    The red chamber adopted the resolution and refereed the matter to the appropriation and committee to report back in one week.